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Sembcorp Industries Completes Divestment Of Zhumadian China Water
Daily Bulletin | 24 August 2015
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Sembcorp Industries’ wholly-owned entity, China Water Company (Zhumadian) has completed the divestment of its entire 51 percent stake in Zhumadian China Water Co.

The consideration of the divestment to Beijing Enfei Environmental Protection was Rmb90 million (approximately $19.5 million) based on fair value of the asset.

Following the divestment Zhumadian China Water Co, which runs a municipal water facility in Henan, has ceased to be part of the group. The transaction is not expected to have material impact on the earnings per share and net asset value per share of the group.

Sembcorp Industries  2.090 -0.02 -0.95%   
Business: Primarily engaged in the production and supply of utilities services. [FY18 Turnover] Utilities (55.9%), marine (41.8%), others/corp (2.2%), urban development (0.1%).

Insight: May-19, 1Q19 revenue fell 10.1% to $2.5b due to lo... Read More


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